Does Fay really need that e at the end? We vote no, but some people may feel spelling it Faye makes the name more balanced and complete, as Anne of Green Gables famously said about her name. And on another issue, Faye and Fay are now joining sibling names May and Ray in a long-deserved comeback. The original Fay, Morgan le Fay, was a sorceress of the Arthurian Legends. Faye may also be used as a short form of Faith.